Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

LPG Cylinder Manufacturing Market To Surpass Valuation Of US$ 4.7 Bn By 2026

LPG Cylinder Manufacturing Market – Snapshot

Liquefied petroleum gas or liquid petroleum gas, also referred to as simply propane or butane, are flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles. LPG gas cylinder or tank is a pressure vessel used to store liquefied petroleum gas at above atmospheric pressure. In the global LPG cylinders manufacturing market, the domestic end-use segment has the largest share due to major adoption of LPG as cooking fuel in regions such as Asia Pacific and Africa. Also, rise in consumer spending power and various government schemes tend to drive the growth of the domestic LPG cylinder manufacturing market. The global LPG cylinder manufacturing market is projected to reach market size of about US$ 4.7 Bn by 2026, with an average growth rate of around 3.6% during the forecast period.

The global LPG cylinder manufacturing market is anticipated to be driven by factors such as rise in disposable income, rapid urbanization, convenience in use, and its environment friendly nature. Rise in disposable income is creating increased demand for LPG cylinders which in turn is expected to accelerate the growth of the production of LPG cylinders in the global market. Continuous growth in the residential sector and commercial kitchens such as food trucks, restaurants, cafeterias, etc. are also expected to boost the market. Various laws and schemes regarding usage of LPG cylinders (by replacing traditional methods of cooking) in the urban sector are propelling the LPG cylinders business across the globe. LPG cylinders are marketed in both urban and rural areas, although in developing economies it tends to be more widely available in urban areas where its supply costs are lower.


Grab an Exclusive PDF Brochure of this Report @

The subsidy on automotive LPG cylinders is attractive for vehicle owners across the globe for its quality performance and minimal maintenance. Multiple governments across the globe are rolling out various policies that emphasize the importance of the usage of LPG cylinders to tackle rising energy prices and electricity supply pressures. In developing economies, the rise in government initiatives has triggered the market in recent years due to growth in dependency on LPG cylinders by end-users. LPG cylinders are found to be a basic medium for supply of fuel such as natural gas that is versatile and often preferred across the residential, commercial, and industrial sector.

Asia Pacific dominates the LPG cylinder manufacturing market with China and India being the leaders in the global market. Major players in this region are focusing on the increased production of LPG cylinders. This is attributed to the increased consumption in this region. Moreover, India and China are also the leading exporters of LPG cylinders in the global market. Middle East & Africa accounts for the second largest share and major players in the Africa market are focusing on increased production of LPG cylinders in order to gain competitive advantage in the market.

Buy now our premium research report<span style=”font-weight: 400;”> @

China dominates the Asia Pacific market followed by India. Increased consumption of LPG cylinders for domestic use is fuelling the production of LPG cylinders in this region. Furthermore, China and India are the pioneers and major exporters of LPG cylinders in the global market. Increasing demand for lightweight, explosive proof and non-corrosive LPG cylinders and government push for the usage of subsidized LPG cylinders are serving as major factors for the LPG cylinder manufacturing market.

Some of the key players profiled in the global LPG cylinder manufacturing market are Kishore Kela Group (Satyasai Pressure Vessels Ltd.), Dorian LPG Ltd., Confidence Petroleum India Ltd., Manchester Tank & Equipment Co., Sahamitr Pressure Container PLC., ECP Industries Limited, Mauria Udyog Limited, Shandong Huanri Group Co. Ltd., Hexagon Ragasco, Aygaz A.?., and Worthington Industries, Inc.

Get More Press Releases by TMR:


About TMR

TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts